The Economics of The Office

Learning economics from the world's best boss

Pretzel Day 2

Even when something comes at a zero monetary cost it may cost considerable time to get something for "free". How much money would you spend for a pretzel? What is the value of the time that Michael and Stanley are spending standing in line? Is a pretzel really worth that much?

Season 3 Episode 5 "Initiation"

Behavioral Economics (D03) Externalities (D62)

Michael Phyllis Stanley Kelly

Watch »

Loading the player ...